Flash Trades
- Thread starter GURPS
- Start date
there was an article on Drudge that mentioned that book .... I was hoping to Draw out Tilted and some Pro or Con commentary
frankly anything Congress 'thinks' it needs to stick its nasal unit into, is suspect in my opinion ..... someone, somewhere is looking for protection, because they were not smart enough to get in on the ground floor
‘Flash Boys’ Fuels More Calls for a Tax on Trading
Not only would the tax reduce risk and volatility in the market, Professor Stout said, but it would also raise much-needed revenue for public coffers while making it modestly more expensive to engage in a practice that brings little overall economic benefit.
Dominic Chu of CNBC breaks down the fundamentals of high-speed trading. video Video: How Ultrafast Trades WorkAPRIL 3, 2014
Despite these arguments, and support from many economists on the left for what European advocates have called a “Robin Hood tax,” even backers acknowledge the idea faces a struggle to become law, especially in the United States but also more broadly in Europe.
High-frequency trading accounts for roughly half of all stock market volume in the United States. Credit Brendan McDermid/Reuters
Not only are Republicans in Congress against new taxes in general, as are many Democrats, but opposition from deep-pocketed campaign donors on Wall Street is enough to persuade even politicians who might favor the idea to back off. Last Wednesday’s Supreme Court ruling allowing individuals to make much larger campaign donations to candidates and political parties strengthens the hand of donors.
Not only would the tax reduce risk and volatility in the market, Professor Stout said, but it would also raise much-needed revenue for public coffers while making it modestly more expensive to engage in a practice that brings little overall economic benefit.
Dominic Chu of CNBC breaks down the fundamentals of high-speed trading. video Video: How Ultrafast Trades WorkAPRIL 3, 2014
Despite these arguments, and support from many economists on the left for what European advocates have called a “Robin Hood tax,” even backers acknowledge the idea faces a struggle to become law, especially in the United States but also more broadly in Europe.
High-frequency trading accounts for roughly half of all stock market volume in the United States. Credit Brendan McDermid/Reuters
Not only are Republicans in Congress against new taxes in general, as are many Democrats, but opposition from deep-pocketed campaign donors on Wall Street is enough to persuade even politicians who might favor the idea to back off. Last Wednesday’s Supreme Court ruling allowing individuals to make much larger campaign donations to candidates and political parties strengthens the hand of donors.